second method

Second method......................Same Set of Books - Complete records

In The Books Of A

Joint Venture A/C

Particulars	Adjustment	Amount	Particulars	Adjustment	Amount
To Bank a/c (all expenses of A and what A gets from the firm)		*	By A a/c (all income of A or goods taken over)		*
To B a/c (all expenses of B and what B gets from the firm)		*	By B a/c (all income of B or goods taken over)		*
To Profit On Venture (ratio) Profit/Loss a/c		*
		##			##

B a/c

Particulars	Adjustment	Amount	Particulars	Adjustment	Amount
			To Joint Venture a/c (all expenses of B and what B gets from the firm)
		##			##

In the books of B

A a/c

Particulars	Adjustment	Amount	Particulars	Adjustment	Amount
			By Joint Venture a/c (all expenses of A and what A gets from the firm)		*
		##			##